Reported about 14 hours ago
President Trump announced that no extensions will be granted for tariffs set to begin on August 1, 2025, following a series of warning letters sent to 14 countries outlining potential tariffs ranging from 25% to 40%. The new rate structure, which impacts nations like Japan, South Korea, and several Southeast Asian countries, reflects a fluctuating trade policy. Amidst discord, China warned Trump against igniting trade tensions and promised retaliation for any exclusionary supply chain agreements with the U.S.
Source: YAHOO